Navigating the Zee-Sony Merger: Insights and Challenges
One of the most significant business transactions to ever occur in the Indian entertainment industry is the Zee-Sony merger. One of the India-based subsidiaries of the Japanese company Sony Pictures Networks, Sony Pictures Networks India Private Limited ("Sony") (now...
Navigating ESG Compliance in India: Evaluating SEBI’s BRSR Core Framework and Value Chain Disclosures
BACKGROUND ESG investments have been increasingly popular in recent years, with India playing a significant role in this development and the Securities and Exchange Board of India (“SEBI”) issuing Circular No. SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated 12 July 2023...
Vidarbha Industries Power Limited v. Axis Bank Limited
INTRODUCTION The Supreme Court on 12th July 2022, in Vidarbha Industries Power Ltd. v Axis Bank Ltd. [1] held that Section 7(5)(a) of the Insolvency & Bankruptcy Code (“IBC”) is directory. Enunciating on the same, the Supreme Court held that National Company Law...
Powers of Shareholders and Directors: A Brief Recapitulation
Introduction The shareholders being the owners of a company, appoint directors in a company and directors acting as agents of a company play a significant role in effectuating the business operation of a company and taking key managerial decisions in accordance with...
Navigating the Digital Realm : Right to Privacy
The concept of the right to privacy is widely acknowledged as a fundamental human right, and this is explicitly articulated in Article 12 of the 1948 Universal Declaration of Human Rights: "No one shall be subjected to arbitrary interference with his privacy, family,...
Cinematograph (Amendment) Bill, 2023: An Invasion on Piracy
Introduction Films have always been a great source of entertainment for the masses. While the budgets infused into films/cinema, multiplexes have gone up exponentially, films and people involved in making such films have always suffered due to the overwhelming...
Mediation Bill 2023: Paving the Way for Effortless Dispute Resolution
With rise in rapid industrialization and a robust boost in commerce, one cannot obliviate a pivotal aspect of the commerce industry, being disputes that may arise between the parties under the contractual agreement. The escalation in disputes arising from contractual...
The Law On Amendment Of Pleadings In Civil Suits
I. OVERVIEW: Order VI Rules 17 of the Code of Civil Procedure, 1908 (the ‘Civil Procedure Code’) forms the cornerstone of the law on the amendment of pleadings. The said rule is reproduced below for your reference: Amendment of pleadings. The Court may at any stage...
Fraudulent Transactions: What To Keep In Mind While Ring Fencing Your Assets
Introduction In light of the worldwide Covid-19 pandemic and the resulting financial slump in the country many companies are likely to find modes to ring fence their assets for better security and protection. Some distressed companies may also look at ring fencing...
An Overview of Real Estate Laws and Regulations Applicable in India
1. Overview A transaction in real estate in India must take into consideration: The legal and contractual capacity of the transferor to transfer the property or interest proposed to be transferred; The legal and contractual capacity of the transferee to acquire and...